NOT LISTED FOR SALE

10505 Downey Ave Downey, CA 90241

Estimated Value: $1,842,000 - $2,607,000

10 Beds
7 Baths
6,560 Sq Ft
$350/Sq Ft Est. Value

Last Sold November 16, 2021

Last sale price $1,899,000 $289 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $14,213/month

121 Days on Market

About This Home

As of November 2021

10505 Downey Ave is a 4-unit Multifamily investment opportunity located near the major thoroughfare of Downey Ave & 7th Street and walking distance to Downey's top attractions, nightlife and restaurants. All units are townhome style with private patios, washer/dryer hook-ups. 10505 Downey Ave is one of the largest fourplexes in Downey at 6,560 SF.

Last Agent to Sell the Property

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961 Listed on: 06/07/2021

Last Buyer's Agent

Cesar Arias

License #01304985

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,498

Year Built

  • Built in 1966

Lot Details

  • 8,103 Sq Ft Lot

Parking

  • 5 Car Garage
  • 4 Open Parking Spaces
  • 2 Carport Spaces

Interior Spaces

  • 6,560 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 6252-025-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,498

Year Built

Built in 1966

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 6560
  • Lot Acreage: 0.1860
  • Stories: 2
  • Year Built: 1966
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 304.88

Exterior Features

  • Other Structures: None

Garage/Parking

  • Carport Spaces: 2
  • Garage Spaces: 5
  • Other Spaces: 4
  • Parking Garage: Carport, Garage, Uncovered
  • Total Parking: 11

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 779987
  • Assessed Land Percent: 40
  • Assessed Land Value: 519991
  • Total Assessed Value: 1299978
  • Assessor Parcel Number: 6252-025-009
  • Lot Size Area: 8103

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.26
  • Number Of Units: 4
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2021
Sold by
Rosales Laura Huerta
Bought by
Rosales Jaime
Current Estimated Value
$2,298,123

Purchase Details

Closed on
Jan 10, 2019
Sold by
Fiola International Inc
Bought by
Fiola Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$948,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2016
Sold by
Long Milford E
Bought by
Fiola International Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$905,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2001
Sold by
Nikitin James L
Bought by
Long Milford E and Long Pauline W

Purchase Details

Closed on
Mar 7, 2000
Sold by
Family Trust Rysavy, Bob L And Barbara L Trs
Bought by
Long Milford E and Long Pauline W

Purchase Details

Closed on
Jan 11, 2000
Sold by
Family Trust Rysavy, Bob L And Barbara L Trs
Bought by
Long Milford E and Long Pauline W

Purchase Details

Closed on
Apr 8, 1997
Sold by
Rysavy Bob L
Bought by
Rysavy Bob Lee and Rysavy Barbara Lee

Purchase Details

Closed on
Sep 11, 1996
Sold by
Rysvay Bob Lee
Bought by
Rysvay Bob Lee and Rysvay Barbara Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
7.88%

Purchase Details

Closed on
Oct 19, 1993
Sold by
Rysavy Bob Lee
Bought by
Rysavy Bob Lee and Rysavy Barbara Lee
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rosales Jaime -- Fidelity National Title
Fiola Richard -- Fidelity National Title Comp
Fiola Richard -- Fidelity National Title
Fiola International Inc $1,225,000 Chicago Title Co
Long Milford E -- --
Long Milford E -- --
Long Milford E -- Landsafe Title
Long Milford E -- Landsafe Title
Rysavy Bob Lee -- --
Rysvay Bob Lee -- First American Title Co
Rysavy Bob Lee -- First American Title Company
Rysavy Bob Lee -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fiola Richard $948,000
Previous Owner Fiola International Inc $905,000
Previous Owner Rysvay Bob Lee $372,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2021 11/16/21 Sold $1,899,000 -5.1% $289 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $2,000,000 -- $305 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,498 $2,015,233 $955,087 $1,060,146
2024 $25,029 $1,975,719 $936,360 $1,039,359
2023 $24,171 $1,936,980 $918,000 $1,018,980
2022 $22,953 $1,899,000 $900,000 $999,000
2021 $16,952 $1,380,959 $515,283 $865,676
2020 $16,695 $1,299,978 $519,991 $779,987
2019 $15,770 $1,274,490 $509,796 $764,694
2018 $15,374 $1,249,500 $499,800 $749,700
2016 $8,635 $664,326 $255,642 $408,684
2015 $8,515 $654,349 $251,803 $402,546
2014 $8,068 $641,532 $246,871 $394,661
Source: Public Records

Agents Affiliated with this Home

  • Daniel Blackwell

    Seller's Agent in 2021

    Daniel Blackwell

    CB Richard Ellis, Inc.

    (949) 423-6111

    50 Total Sales

    Daniel Blackwell
    Section Image

  • C

    Buyer's Agent in 2021

    Cesar Arias

See All Agents

Map

Source: The MLS

MLS Number: 21-746042

The MLS

APN: 6252-025-009

California Los Angeles County Downey 90241

10505 Downey Ave, Downey, CA

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